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Bloomberg reports that two money laundering charges led to the April arrest of Chinese citizen Qian. Before April 23, Qian was allegedly involved in a bigger operation, including the possession and transfer of illicit cryptocurrencies, according to the UK’s Criminal Prosecution Service. According to the authorities, Jian, who has been jailed for more than six years for her role in the scheme to launder money, was allegedly recruited by Qian. During a police search of Wen's apartment in 2018, they discovered 61,000 Bitcoin BTC -1.64%, currently worth over £3 billion ($4 billion).
Detectives allegedly located the "Crypto Queen," Qian, after Wen's arrest. From 2014 to 2017, she allegedly stole $5.6 billion from 130,000 Chinese investors. Regardless, Qian intends to challenge the accusations and denies any wrongdoing. The trial at Southwark Crown Court is scheduled to commence in September 2025. Seng Hok Ling, a co-defendant, has also entered a not-guilty plea to charges connected to the matter.
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Brenda has been a news writer since 2019 with a deep background in crypto. Brenda commits to producing excellent, well-optimized content to ensure consumer satisfaction.
